Markets
NLY

Snag This Cheap 9.7% Yielder Even Lower Than Chief Investment Officer Finkelstein Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 1, Annaly Capital Management Inc's Chief Investment Officer, David L. Finkelstein, invested $1,248,650.00 into 100,000 shares of NLY, for a cost per share of $12.49. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Annaly Capital Management Inc (Symbol: NLY) and achieve a cost basis 1.4% cheaper than Finkelstein, with shares changing hands as low as $12.31 per share. Annaly Capital Management Inc shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of NLY shares, versus its 200 day moving average:

Annaly Capital Management Inc Chart

Looking at the chart above, NLY's low point in its 52 week range is $9.83 per share, with $12.73 as the 52 week high point - that compares with a last trade of $12.36. By comparison, below is a table showing the prices at which NLY insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/01/2017 David L. Finkelstein Chief Investment Officer 100,000 $12.49 $1,248,650.00

The current annualized dividend paid by Annaly Capital Management Inc is $1.20/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/28/2017. Below is a long-term dividend history chart for NLY, which can be of good help in judging whether the most recent dividend with approx. 9.7% annualized yield is likely to continue.

NLY+Dividend+History+Chart

According to the ETF Finder at ETF Channel, NLY makes up 17.21% of the iShares Mortgage Real Estate Capped ETF (Symbol: REM) which is trading up by about 0.1% on the day Wednesday.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NLY REM

Other Topics

Options

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More